The charges against celebrity lawyer Michael Avenatti are"very significant," veteran white-collar defense attorney Thomas Gorman told CNBC on Monday.
div > div.group > p:first-child"> Avenatti is accused of trying to extort up to $25 million from Nike by threatening to hurt the athletic apparel giant financially with negative publicity. His arrest on Monday came about 15 minutes after he tweeted that he would be holding a press conference to disclose a"major high school/college basketball scandal perpetrated by" Nike that he claims to have uncovered."This is clearly not the way to present a whistleblower claim. There are proper ways to present a whistleblower claim. You can take the client down to the Securities and Exchange Commission, for example. They have a whole process to do this.
The real problem for Avenatti is that he was caught on tape, said Gorman, who has defended companies and individuals in SEC and Justice Department investigations. According to the complaint, Avenatti and a cooperating witness spoke with Nike attorneys by phone and during that call"Avenatti stated, with respect to his demands for payment of millions of dollars, that if those demands were not met 'I'll go take ten billion dollars off your client's market cap ... I'm not f---ing around.
Holy Cow Batman, great idea to try and extort anyone by phone! What was Avenotti thinking, what to have for dinner? He should have used a megaphone outside their corporate office! He’s getting disbarred!
It's a setup by Trump, the Dictatorship has started!
BASTA
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